Safe Harbor Equity launches $100M distressed debt fund

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As loan defaults begin to tick up, miami beach-based safe Harbor Equity has launched a distressed debt fund to purchase problem loans. Ralph Serrano, the company’s managing director, said the.

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Miami-based private equity firm Safe Harbor Equity has launched a $100 million distressed commercial real estate debt fund, reported The Real Deal. The Safe Harbor Equity Distressed Debt Fund 3 will focus on acquiring distressed commercial mortgages primarily in South Florida, in addition to markets such as New York, Texas, California and other major markets in the United States.

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